Lack of innovation over the past few decades around how organizations approach disposing of their returned, excess and obsolete inventory has resulted in billions of dollars lost and can no longer be left to inefficient, reactive or outdated methods.
The efficiencies and cost-containment initiatives that the physical supply chain has seen have not been brought to the financial supply chain by most companies, says Robert Kramer, vice president for working capital solutions at PrimeRevenue. That's unfortunate because there are literally trillions of dollars in accounts receivable in corporate supply chins that can be freed up, he says.